Chainlink closed the September 28 daily candle at $15.44, up 10.18% on the day, after trading between $13.52 and $15.53. What stands out on the daily chart: sharp move, 30-day closing high, RSI overbought.
Moving averages
The close of $15.44 is 24.1% above the 20-day average ($12.44).
The close of $15.44 is 34.3% above the 50-day average ($11.50).
Momentum: RSI and MACD
The 14-day RSI reads 74.1, above 70, the range usually called overbought. RSI compares the size of recent up days with recent down days on a 0 to 100 scale.
MACD (12, 26, 9) is 0.8382 against a signal line of 0.5847, so the MACD line is above its signal. MACD measures the gap between a fast and a slow exponential average.
Volume and range
Volume on the day was 2.54 times its 20-day average. Volume counts how much traded; a move on heavy volume involved more of the market than one on light volume.
The Bollinger Bands (20 days, 2 standard deviations) run from $10.02 to $14.85, and the close is above the upper band.
Over the previous 30 days the highest close was $14.14 and the lowest $10.88.
What it costs to hold a position
Anyone holding a LINK perpetual future pays or receives funding every settlement, and the rate differs by exchange. Today's rates across venues are on the LINK funding page.
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